The continued rising red meat prices has driven up the average prices for beef and sheep meat during the first eight months of 2013. (Image source: n0nick/Flickr)

Chinese wholesale beef prices shot up during August 2013 and bounced back to its highest level on record, which was registered in February 2013 at US$8.84 per kg

South Korea witnessed an increase in beef demand due to festivals like Chuseok. (Image source: avlxzy/Flickr)

Higher seasonal demand for beef in South Korea has helped Australian beef exports during August

India is ranked first among the milk producing nations with 128mn tonnes of production at present. (Image source: Tambako the Jaguar/Flickr)

The Indian ministry of agriculture and food processing industries has claimed that the National Dairy Plan, with an investment of US$374mn, will help in meeting the rising demand of milk and milk products in the country

Liuzhou in South China’s Guangxi Zhuang autonomous region has plans to promote crossbreeding of cows in an attempt to improve the performance, milk quality and beef production in the city